The amount of your Homebuyer Bonus depends on the home price, and can range from $225 to $5,400. For example, the Homebuyer Bonus is $1,050 for a $250,000 house.
Here is a full breakdown:
Home Value | Homebuyer Bonus |
$0 - $99,999 | $225 |
$100,000 - $149,999 | $490 |
$150,000 - $199,999 | $675 |
$200,000 - $249,999 | $865 |
$250,000 - $299,999 | $1,050 |
$300,000 - $349,999 | $1,240 |
$350,000 - $399,999 | $1,425 |
$400,000 - $449,999 | $1,615 |
$450,000 - $499,999 | $1,800 |
$500,000 - $599,999 | $2,175 |
$600,000 - $699,999 | $2,550 |
$700,000 - $799,999 | $2,925 |
$800,000 - $899,999 | $3,300 |
$900,000 - $999,999 | $3,750 |
$1,000,000 - $1,999,999 | $4,500 |
$2,000,000 - $2,999,999 | $5,100 |
$3,000,000+ | $5,400 |
Some restrictions apply: The Homebuyer Bonus is not available in Alaska, Iowa, Louisiana, and Oklahoma. In Kansas and Tennessee, a MasterCard MAX gift card will be issued in lieu of a check. In Mississippi, New Jersey, and Oregon, a commission reduction may be available at closing. The Homebuyer Bonus is only available with the purchase of your home through the use of a Gravy-introduced real estate agent. The Homebuyer Bonus is not available in certain transactions with restricted agent commissions (including many new construction, For Sale by Owner, or For Sale by iBuyer transactions). Your assigned agent can help you identify any transactions where the Homebuyer Bonus would not be available.
See terms for additional details.